Hurricane Vs standard deduction

[mbene]

Watched an ABC Action News video with an interview with Mark Freelander from the Insurance Institute and he said that state regulations require all insurers to implement a hurricane deductible provision across the whole state once a hurricane watch is issued in any part of Florida and that hurricane deductable provision lasts until 72 hours after the last watch or warning is issued.
Was not aware of this.

[blueash]

Maybe you can tell us what a "hurricane deductible Provision" might be and what is means for a homeowner who already has insurance vs someone who is shopping but uninsured, or someone who has one level of coverage and wants to change to a different level of coverage.

Perhaps a link to the video you watched. And I suspect you mean Friedlander.

[Gatorfan1]

Watched an ABC Action News video with an interview with Mark Freelander from the Insurance Institute and he said that state regulations require all insurers to implement a hurricane deductible provision across the whole state once a hurricane watch is issued in any part of Florida and that hurricane deductable provision lasts until 72 hours after the last watch or warning is issued.
Was not aware of this.

Your agent did not explain your coverages and deductibles? Not good! I explain coverages and the different deductibles that will apply to my clients.

[mbene]

Maybe you can tell us what a "hurricane deductible Provision" might be and what is means for a homeowner who already has insurance vs someone who is shopping but uninsured, or someone who has one level of coverage and wants to change to a different level of coverage.

Perhaps a link to the video you watched. And I suspect you mean Friedlander.

From what was said on the video, if there is a hurricane watch in the Keys and you in TV have weather related damage to your home, you will be responsible for paying the deductible as if your damage was caused by a hurricane which is typical much higher than your standard deductible.

Can't figure out how to get the video link on my phone but if you copy the following and paste it into the YouTube search bar it should come up

ABC Action News Tampa

Florida hurricane deductibles leave customers with sticker shock

Yes, you're probably right about the spelling of his name, I copied it off the closed caption on the screen.

[bimmertl]

My State Farm HO policy has a 2% deductible (2% of the dwelling limits) for hurricane damage.

If you had 400K in dwelling coverage you would have an $8,000 deductible for hurricane damae.

[gorillarick]

aMy State Farm HO policy has a 2% deductible (2% of the dwelling limits) for hurricane damage.

If you had 400K in dwelling coverage you would have an $8,000 deductible for hurricane damae.

Yes, this is typical. Never seen an insurance policy that covers hurricane damage without the 2%. I'm sure that was negotiated with state's insurance commissions.

Your mortgage company will require you to have hurricane coverage, otherwise you can refuse it.

Maybe Lloyds of London would be interested in selling you a policy for 100%

[blueash]

There are two ways to link a story you find online
1. Copy the URL of the story, in this case
Florida hurricane deductibles leave customers with sticker shock (https://www.abcactionnews.com/news/region-pinellas/florida-hurricane-deductibles-leave-customers-with-sticker-shock) and paste it into the body of your post.

2. Type a sentence in which you mention the story, then left click to highlight the important words in that sentence that the story amplifies.

For example. HERE is a news report on hurricane deductibles. (https://www.abcactionnews.com/news/region-pinellas/florida-hurricane-deductibles-leave-customers-with-sticker-shock)
I then left click highlight the word HERE, or I could highlight hurricane, or the whole sentence. Then go to the line of icons above where you are typing and find the one that looks like a blue globe with a single chain link on its lower right. Click that. A pop up will appear that says please enter the URL... paste the URL of your link into the box and save by clicking ok. Now if someone clicks on the highlighted part of your sentence which appears in a different color it takes them to the article.

Now to the meat of the story. Mr Friedlander per the written story, I didn't watch the video, said that a hurricane watch being issued triggered the provision of Florida law. It does not per the law itself which is linked in the story but I will link HERE (http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0627/Sections/0627.4025.html)

The law is very clear that for your deductible to change from routine to that in your hurricane coverage several events must occur.

1. “Hurricane coverage” is coverage for loss or damage caused by the peril of windstorm during a hurricane.
IANAL but this seems clear to me to require that a hurricane happened, not just a watch or a warning but an actual hurricane

2. Reading on in the statute confirms this definition:

“Windstorm” for purposes of paragraph (a) means wind, wind gusts, hail, rain, tornadoes, or cyclones caused by or resulting from a hurricane which results in direct physical loss or damage to property.
(c) “Hurricane” for purposes of paragraphs (a) and (b) means a storm system that has been declared to be a hurricane by the National Hurricane Center of the National Weather Service. The duration of the hurricane includes the time period, in Florida:
1. Beginning at the time a hurricane warning is issued for any part of Florida by the National Hurricane Center of the National Weather Service; and
2. Ending 72 hours following the termination of the last hurricane watch or hurricane warning issued for any part of Florida by the National Hurricane Center of the National Weather Service.

This seems entirely reasonable. It also is clear that only damage from the hurricane is diverted to the hurricane deductible. If it is clear that your damage in the Keys is not part of the wide hurricane that came in from the Atlantic and touched Jacksonville with no bands reaching The Keys where a small unrelated hail event damaged your roof... regular deductible. If the warning was issued but a declared hurricane never happened... regular deductible. The issuance of a watch does not matter for the start time of the storm.

The story in the Tampa news is misleading as it suggests that the man's damage was not hurricane related because the time the storm was a hurricane was after it passed over his house. But it did become a hurricane while still over Florida (although this may apply even if the criteria for hurricane are reached after leaving Florida) thus any damage from that storm from the time a warning (not a watch) was issued until the last watch is cancelled devolves to the hurricane deductible.

[RoseyRed]

We are moving to TV and did not know about this! Thanks for sharing!

[TimTinNewell]

As long as we're talking Hurricanes here, what is the typical Hurricane experience in TV? We are new here. Do you evacuate? Is it mostly a rain event? Has the wind caused major damage to homes here? I hate to show my ignorance but in Missouri we were more worried about Tornadoes.

[eeroger]

As long as we're talking Hurricanes here, what is the typical Hurricane experience in TV? We are new here. Do you evacuate? Is it mostly a rain event? Has the wind caused major damage to homes here? I hate to show my ignorance but in Missouri we were more worried about Tornadoes.

All site built homes in TV were built after Andrew and can withstand winds up to 100mph. That is not to say there won't be any damage, only most likely you won't lose your whole roof. So far, we have not experienced winds that high. So ... no need to evacuate unless you live in a mobile home.

Also, beware many insurance companies stop issuing policies, if there is a storm brewing. There may also be a 30 day waiting period for damage claims during Hurricane season. Reason being ... Some people try to get insurance right before a storm and then cancel after storm passes.

[Bill14564]

As long as we're talking Hurricanes here, what is the typical Hurricane experience in TV? We are new here. Do you evacuate? Is it mostly a rain event? Has the wind caused major damage to homes here? I hate to show my ignorance but in Missouri we were more worried about Tornadoes.

We open our home to relatives who evacuate TO here.

[NoMo50]

As long as we're talking Hurricanes here, what is the typical Hurricane experience in TV? We are new here. Do you evacuate? Is it mostly a rain event? Has the wind caused major damage to homes here? I hate to show my ignorance but in Missouri we were more worried about Tornadoes.

Welcome from another former Missouri resident! Hurricanes and tropical storms that come ashore generally lose much of their wind energy by the time they make it here. Sure...there may be some sporadic winds, but nothing like what is experienced on the coasts. Then, there is the rain...sometimes lots of it. The good news is that homesite in The Villages are designed to channel rain runoff away from homes into catch basins (which include the golf courses). The design works, as it is rare to hear of ground water damage in homes. Also, as previously mentioned, it is Central Florida that folks along the coasts evacuate to when a hurricane comes.

And you are absolutely right about tornados having a higher "fear factor." Our town was hit by an EF-4 tornado back in 2003, and that will certainly cause the pucker factor to increase exponentially. But, at least a tornado is a fast moving and very localized event. A hurricane is much more widespread and long lasting.

Bottom line: don't dwell on it, and welcome to your piece of paradise.

[bshuler]

As long as we're talking Hurricanes here, what is the typical Hurricane experience in TV? We are new here. Do you evacuate? Is it mostly a rain event? Has the wind caused major damage to homes here? I hate to show my ignorance but in Missouri we were more worried about Tornadoes.
Twenty years ago Hurricane Charley (https://en.wikipedia.org/wiki/Hurricane_Charley?wprov=sfti1#) hit the Orlando metro area with 100+ MPH winds. It caused widespread serious damage — for one reason. There was a “build up” of trees that were ripe for wind damage. The Villages doesn’t really have a lot of trees in most of the development (so maybe safer if TV gets a direct hit).

[nn0wheremann]

As long as we're talking Hurricanes here, what is the typical Hurricane experience in TV? We are new here. Do you evacuate? Is it mostly a rain event? Has the wind caused major damage to homes here? I hate to show my ignorance but in Missouri we were more worried about Tornadoes.
Hurricane Irma progressed up Highway 301. By the time it got to here it had weakened to a Category 1 storm so wind was not much of an issue. Basically a midwestern thunderstorm, except it lasted 12 hours instead of a few minutes. In the northern Villages the flood control system worked perfectly, diverting the storm water onto the golf courses. Duke energy customers lost power for a few days, but most of us, on SECO had no loss at all.

So, no evacuation. Bring your outside things in before hand. Get a good book, or your streaming video play list handy. Have some extra food on hand because damage elsewhere can block roads interrupting deliveries to grocery stores.

[Nell57]

My parents home in Homestead Florida was wiped out in ‘92 by Andrew.
Andrew spawned 7 tornadoes. That is why it was such an epic event. It was the tornadoes that did the damage

[mbene]

Have no problem doing this on a computer, cannot figure out how to do it on my phone.


There are two ways to link a story you find online
1. Copy the URL of the story, in this case
Florida hurricane deductibles leave customers with sticker shock (https://www.abcactionnews.com/news/region-pinellas/florida-hurricane-deductibles-leave-customers-with-sticker-shock) and paste it into the body of your post.

2. Type a sentence in which you mention the story, then left click to highlight the important words in that sentence that the story amplifies.

For example. HERE is a news report on hurricane deductibles. (https://www.abcactionnews.com/news/region-pinellas/florida-hurricane-deductibles-leave-customers-with-sticker-shock)
I then left click highlight the word HERE, or I could highlight hurricane, or the whole sentence. Then go to the line of icons above where you are typing and find the one that looks like a blue globe with a single chain link on its lower right. Click that. A pop up will appear that says please enter the URL... paste the URL of your link into the box and save by clicking ok. Now if someone clicks on the highlighted part of your sentence which appears in a different color it takes them to the article.

Now to the meat of the story. Mr Friedlander per the written story, I didn't watch the video, said that a hurricane watch being issued triggered the provision of Florida law. It does not per the law itself which is linked in the story but I will link HERE (http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0627/Sections/0627.4025.html)

The law is very clear that for your deductible to change from routine to that in your hurricane coverage several events must occur.

1. “Hurricane coverage” is coverage for loss or damage caused by the peril of windstorm during a hurricane.
IANAL but this seems clear to me to require that a hurricane happened, not just a watch or a warning but an actual hurricane

2. Reading on in the statute confirms this definition:

“Windstorm” for purposes of paragraph (a) means wind, wind gusts, hail, rain, tornadoes, or cyclones caused by or resulting from a hurricane which results in direct physical loss or damage to property.
(c) “Hurricane” for purposes of paragraphs (a) and (b) means a storm system that has been declared to be a hurricane by the National Hurricane Center of the National Weather Service. The duration of the hurricane includes the time period, in Florida:
1. Beginning at the time a hurricane warning is issued for any part of Florida by the National Hurricane Center of the National Weather Service; and
2. Ending 72 hours following the termination of the last hurricane watch or hurricane warning issued for any part of Florida by the National Hurricane Center of the National Weather Service.

This seems entirely reasonable. It also is clear that only damage from the hurricane is diverted to the hurricane deductible. If it is clear that your damage in the Keys is not part of the wide hurricane that came in from the Atlantic and touched Jacksonville with no bands reaching The Keys where a small unrelated hail event damaged your roof... regular deductible. If the warning was issued but a declared hurricane never happened... regular deductible. The issuance of a watch does not matter for the start time of the storm.

The story in the Tampa news is misleading as it suggests that the man's damage was not hurricane related because the time the storm was a hurricane was after it passed over his house. But it did become a hurricane while still over Florida (although this may apply even if the criteria for hurricane are reached after leaving Florida) thus any damage from that storm from the time a warning (not a watch) was issued until the last watch is cancelled devolves to the hurricane deductible.

[RICH1]

We are moving to TV and did not know about this! Thanks for sharing!
yes it's been that for years ...Hurricanes Francis, Gene and Charlie woke me up years ago... please do your Due Diligence before your move... it's not all peaches & cream down here....